slick60

Hi Ithai Welcome to Traders Lab. The Final market profile software is made to be used with the Ninja Trader platform. The data for NT comes from a number of providers. You can buy NT or use the free version of the platform. I use the free version and it is powered with data from Zen-fire. My futures broker is Mirus. TradeStation will power Ninja Trader but historical data is not readily available. Real time it is fine but when you shut down you lose any data during the down time and it does not repopulate. TS is inadequate. Do you have NT loaded on your computer yet? I would be glad to help you get set up. If you like you can PM me. slick60

6E euro futures Here is a 15 min chart of what I see and look for. I missed the long entry thinking we did not have enough strength to push north at this time. I had an entry sitting on top of the trend line as shown for long and cancelled it. Sucked me out of my gonch. Damn. The market makers footprint and set-up was all over this chart and I just did not believe. I will wait for a turn on the top end now perhaps tomorrow or overnight. I keep forgetting to mention about the Central pivot. There is a site dealing with the "heat seeking missile" about the high percentage of times the London session will run to the Central Pivot each day depending where it is. That is another reason I went short in the 1.3075 area as you can see the green PP on the chart. 2012-02-16_1222 - slick60's library slick60

Last Tuesday when Mr Bernanke spoke we had a 174 pip run north by 1pm est. Today if same occurred it would bring us to a 50% retrace of the move down in the 1.3150 area. On a 4 hr chart I can count 5 waves down in threes signifying correction so a move back to the 50% area would not be out of line. I also mentioned in earlier posts about the ITD 4 high due tomorrow but came in early with the 1.3321 high. However strength would in all likelyhood be seen. This looks like strength. I tried a short at the 1.3075 area and made my small donation for the cause. Watch this retrace move as it could take on the appearance of a head and shoulders looking pattern from the Jan 13 low. We would be working our way back up to the right shoulder at present. 1.3125 is the midpoint between to two large quarters 1.3300 and 1.3250. Perhaps a resting point. slick60

EURUSD We have come to an area of retrace where I have a completed EW pattern on a 15 minute chart as shown. The top of the hesitation zone is at 1.3075 and the naked POC resides at 1.3069. The only way to get them right now in my mind is with an irregular retracement higher as shown by the retracement levels. That is what I am watching at this time 2012-02-16_1102 - slick60's library slick.

I don't think the supply was that great. Not that much interest in going long after 5 days of mainly downside action. I am leery in here feeling the market has to go down before it can go up in here. They have had a fairly long period to balance inventory and now need to accumulate. May be wrong but I think Uncle Ben will do something with this. slick

Are the market makers happy now or do they have to go deeper to increase their long holdings for a retrace north? 2012-02-16_0748 - slick60's library slick60 Both the EURUSD and the DX have now hit a 50% retrace of the move from Jan 13, 2012. A logical point of support/resistance for them. Now to see if they "spike" them before reversing.

EURUSD Here is a scrunched market profile chart showing our current 44 pip session that started at 2:00am EST. It is a narrow balancing profile and will give way to opportunity when change takes place and price moves above or below the balancing area. On a break monitor the move for conviction with increased volume/momentum. That should come in just prior to leaving the balance area orchestrated by the market makers to trap traders and entice others to join their move cutting the cost to them. The two naked POC's shown are visual targets sitting in quarters zones. This is a chart of the euro 6E futures contract for March 2012-02-16_0618 - slick60's library slick60

For the past week we have had a systematic decline in the euro given news etc. There have been pauses along the way for balancing of inventory by the market makers. However at this present time we are basically 100% short inventory from yesterday's 9:30am open. We have breached the Major Quarter at 1.3000 and are trading on either side of that level for a few hours. I feel the market makers are net long at this time and in order to get paid they have to turn the market. That means a move north to balance inventory once again. They like to do this as cheaply as possible so look to make their moves with opportunity. That opportunity this morning will probably come initially with an 8:30am jobs report, be it good or bad, and followed up with Mr Bernanke speaking at 9:00am. Last Tuesday Ben spoke and the euro seemed to find some good in his words of wisdom and zoomed north. Whatever perception is drawn by the markets and manipulated by the market makers, there will be an opposite reaction showing the direction they wish to push the market at that time. They need to get paid. Two areas I am looking at for potential reversal are the 1.2975 overshoot and the 1.2925 hesitation zone that I mentioned in my last post. Good trading folks slick60

EURUSD It appears that we are in a methodical decline of 5 to 6 quarters (125-150 pips) per day in the euro at present. We started from the 1.3325 hesitation zone at 1.3321 and appear to be working down to and I feel through the 1.3000 Major Quarter. I feel the hesitation zone at 1.2925 area should offer initial support for this move going down. There is a naked POC at 1.2929 at the end of the 75 pip hesitation zone beneath the 1.3000 major quarter. Naked POC's act as magnets for price. With price dropping through the 1.3000 level it will place us into the next important 1,000 pip range. A transition to the 1.2750 large quarter will be most important. If my delta count is correct we should experience some strength into Friday when the blue ITD 4 high was due. Into next week the decline should accelerate in the form of a 3rd or © wave south. daily 2012-02-15_1958 - slick60's library slick60

DX cycle points Charts here are of the DX daily and weekly. Where the DX goes the Euro goes the other way. One can see if the cycles are somewhat correct that I am looking at we are possibly now in the continuation move of the DX to make higher high than what we had on Jan 13th this year. That does not bode well for the euro which should be moving down into a lower low. It appears to me that the DX has completed the retracement move down into the red MTD and Black MLTD delta points. We should be on our way up to the next Long Term Delta point #5. There is the possibility that with the wide ranging LTD points that the 5 could have come in early with the MLTD 8 high and we are into a sustained move south at this time. daily 2012-02-14_1315 - slick60's library weekly 2012-02-14_1314 - slick60's library slick60

6E March Euro futures Here is a chart I made simply to show how the Quarters Theory works if you have not caught on by now after reading this thread. It is very interesting how the 25 pip quarters come into play as support and resistance zones - or targets for the institutions who are moving the markets. You can follow the "thought valuation process" of the market makers as price moves within and through the quarters. See where price reverses and does it have conviction as it passes through a quarter. Is there an increase of volume and momentum with the move? Where is the next quarter target? Couple questions to ask. Are we finding multiple support at a quarter? What is the normal ADR? Have we reached a 5 or 6 quarter move? Note the signs of potential market maker moves for reversals. 15 min futures 2012-02-14_0707 - slick60's library slick60 PS - if you cannot find the Quarters Theory through Google, PM me and I will be happy to assist you.

W A R N I N G ! ! PLATFORM MANIPULATION ! ! Want to make a quick post. Working here this morning with TradeStation for forex and Zen-fire powering my futures account through Mirus. Just before 5:00am a few minutes ago I get a pop-up from TS saying disconnected from TS and then a 2nd pop-up saying disconnected from trading desk. I smell what is up as in the past and check to see if my data connection is down. No. Zen-fire is running fine and I see a fast move up in the euro. Aha! TS is on the wrong side of the trade once again and need to position. Shut the feed off! Bastards! Sure enough within about 2 minutes I am reconnected and all is well again. Only trouble is there was an approximate fast move north of 20 pips or so. Yes Trade Station is now a free forex platform. And yes they are market makers taking the opposite side of your trade. And Yes they manipulate the shit out of their data feed. It is not enough to have your playbook in front of them - they still have to elbow you into the boards and take you out of the game. Forex is not a fair arena to play in. And do not for a minute think that your broker is looking after you. He is the most unscrupulous SOB you would ever meet. BEWARE! slick

EURUSD It had to be a given that Greece would come through and if they had not the EU still would be in the bailing mood. Let's face it folks. You cannot solve trillions of woes with billions of dollars / euros in this case. The world is bankrupt and just waiting to file chapter 11 papers. The U.S. dollar Empire is in tatters and has been for years. It is undergoing a transition of dollar devaluation. How long will it take for them to finally say uncle? It is scary stuff. I cry for the generations following me. It appears to me this may be the opportunity that the big market makers were waiting for. Perception of the "world has been saved". Let us all rejoice and buy buy buy. Ha! I would like to update a chart that I posted almost a week ago in #112 post. It appears to me that my MTD 10 high has come in and I feel the blue ITD 4 has arrived early. Certainly not cast in stone. The almost double bottom came in when the early ITD 3 was due and that is something I have found quite regular in the past when a point comes in early there will be weakness or strength shown at the normal cycle timing. That is the reason I feel we have the cycle count the way it is. How far will we retrace now? We came up 4 pips shy of the 75 pip hesitation zone above the large quarter of 1.3250 and have now receded back below that LQ. That should signal a run to the 1.3000 LQ in the very near future. I will monitor the correction or continuation I believe south at this time. Greece should come into play by the Ides of March with their bond payment and that may spark the next powerful leg north. We shall see in about 4 or 5 weeks where we are at. 2012-02-13_1852 - slick60's library Happy trading everyone slick60

Hi Yom Thank you for your kind words. I appreciate them. Take care and good trading to you. slick

AUDUSD Here is a daily chart of aussie showing quarter points and EW count as I see it at present. I feel we have completed the 3rd wave of 5 in this move that will take us back to the 1.1000 high area again. The count may be completely wrong but only time will tell. One thing that is right and will continue is the moves of currencies within quarter points. Generally when a Large quarter has been fulfilled, as was the case with the 1.0750 LQ, and price travels south back into the large quarter that it has just left it will attempt to travel to the next LQ. In this case that would be the 1.0500 LQ where a .618 retrace of the 3rd wave resides as shwon on the chart. I have highlighted and labelled quarter points that I feel will be in play over the next 4 weeks. I have also drawn a possible projected 4th wave flat and what it may look like. No telling with the crazy European/Greek ruse and dollar manipulation taking place price may zoom or slam dunk all over the place. I like to show my reasoning for my opinions and not just an "I think" scenario. Perhaps someone out there may learn something from what I post - I hope so. 2012-02-12_1118 - slick60's library slick60

EURUSD Appears to have made a turn to me. Looking perhaps down at the 1.1882 level. Should be about an 8 week move. slick60

AUDUSD Reference post 117 I think we can say this up-move is complete and we are now retracing for about 4 weeks slick

AUDUSD It's just a bitch! Here is a profile chart (in hindsight somewhat) which shows what the market generated information was saying. And damn, I missed it being myopic wanting to get to bed early so I could be up for the European open at 2:00am est. Had supper early and was at the charts at 6:05pm last night. Saw the 6:15pm 15 minute bar look into the previous value area and then come out of balance and penetrate the naked POC that I had been monitoring all day. It never twigged on me as I rushed off to bed. I did accomplish one goal - I was up at 1:30am and started the computer to be ready for the European open. Shit! Down 100 pips. There is a lot to learn and MAINTAIN to be a successful speculator in this game. Other than that be happy and try to scalp away your nickels and dimes. I am getting tired of saying "There will be another time!". http://content.screencast.com/users/slick60/folders/Jing/media/bffef6d5-16b4-4627-b8fc-1acbbea41103/2012-02-10_0542.png Wishing you the best in trading slick

AUDUSD This is what drives EW prognosticators nuts. Possibility of failure in a 5th wave. It is an either or situation as I have shown on chart. We can be complete with a failed 5th wave of .618 times the first in this structure OR we may still be making a 1.618 (4)th wave retrace to the 1.0671 area with the final push still to the 1.0875 level. Monitoring what happens at the 1.0671 level is a BIG CLUE. We had a time where "mass psychology" would push price to certain levels completing EW patterns. That was before the computer and the massive money "excess" that is now being manipulated about by governments and the institutions. I feel we have turned a corner in the EW theory where mass institutional programming has taken over from the mass psychology of man. And thus we end up with failures in final structures as was the case in the EURUSD on Friday the 13th-a failed 5th wave as previously noted. Pushing near that price now - I wish to post for possible heads-up. http://screencast.com/t/M4YIZWfP slick60

AUDUSD This is a hard wave structure to pin labels to. I am going to give it a try on my 4 hr chart attached. I am looking at a structure that is building an extended 3rd wave. There are 17 waves within that wave and we are coming to the last one. "Famous last words". Proportionally the waves all fib out near to what they should with the 1st and 5th waves and the 2nd and fourth waves related in each degree of structure. The area of 1.0875 comes into play as a potential high for this wave as can be seen on the chart. It is also the midpoint between the large quarters of 1.0750 and 1.1000. It appears this wave may complete into the next high which is due overnight. It will sync up with my Delta cycle count also and I look for a pullback before this market moves higher to perhaps the 1.1000 + area. 4 hr 2012-02-09_1352 - slick60's library slick60

What is your time frame for getting to your next target? And I presume you are now long? slick60

AUDUSD I just gotta post this - and NO! it is not "PIE IN THE SKY" This is a totally predictable trade that I would have taken had I not been in bed - go ahead and guffa et al because it will appear as hind sight to a lot of you. BUT think about this. What do you pay for margin to have a standard lot in audusd to get 10 bucks a pip? Is your cost more than 4 1/2 bucks? This was a perfectly set up "trade the news" - opportunity - with the indicators that I show on this chart. Something to ponder 2012-02-07_0826 - slick60's library slick60

AUDUSD Here is a shot of market profile in the Aussie with a difference. I have labelled the current EW count on it. You will not find too many market profilers that will do this kind of thing. Interesting how the patterns do pop up. 15 Min futures profile 2012-02-07_0750 - slick60's library slick 60 The forex gods are toying with me again today. They would not give me Utopia - but almost so far - ha ha

AUDUSD Utopia for slick at this time in this pair would be to see the 1.0829 price hit for a high if we can hold this current low. It is a nice confluent number between the retrace on the 15 min chart together with a price projection on the 4 hr chart into an SITD cycle # 4 high. It would also be a 4 pip move above a hesitation zone. Let's see if the forex gods are kind today! 2012-02-07_0620 - slick60's library slick 60

EURUSD I am a little perplexed at this sideways action at retrace highs at present as are a lot of people I am sure. However this action says to me that the bigger money is distributing as possibly noted by the commercials in the last COT report. They do not wait for the final spike up to a high before they do their nasty deed to the retail trader but they do start the move. The large specs also started dumping their short holdings and that would be consistent with being wrong at reversal points as I have been taught. I look for an imminent high in here perhaps in the form of a spike. There should be a lot of stops resting above this big range. It should also suck in more longs with a sharp break above. I want to point out on my chart the red MTD 10 point where it is due. This has been a very reliable delta point over the last 10 years. I have boxed in the area where that 10 point has come in during the past 10 years. This is quite a narrow target for a cycle that has 12 points in a lunar year. The latest it has come in is this Friday. BEWARE! daily 2012-02-07_0533 - slick60's library slick60 I see Uncle Ben Bernanke testifies at 10:00am today. He may be a spike maker????